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20110713
20110713
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deliberately put us in debt with tax breaks, the wars in iraq and afghanistan. they have borrowed all of the money. grover norquist toll call them -- told all of them to not raise taxes under any reason, host: independent from utah. caller: thank you, c-span. our founding fathers would turn over in their graves if they found out how much money we are putting our children in the dead. but they never wanted the constitution to deal with that. guest: our current levels of debt are sustainable. they are high levels of debt, but as a percentage of gdp, it is a lot lower than greece. it is a lot lower than italy. within the last couple of days, we realize they have serious problems. i do not know if the free market and a particular vision of how high are debt would be relative to gdp. they are huge, relative to the wealth we have it. economies expand over time. we have recessions, we have lifts, and we have declines. over the long term, economies grow. our economy will be much larger 30 years from now than it is today. that does not mean we want fiscal problems or we will be able to balance
Search Results 0 to 0 of about 1